1553 County Road 62CollinsvilleAL35961
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Collinsville at 1553 County Road 62, Collinsville, AL, 35961 generates $873/mo in rent and, after a $538/mo payment, leaves $253/mo in cash flow. Total monthly income is $873/mo, and annual cash flow is $3,030/yr on $36,465 invested. Return on cash invested sits at 28.22% in year one, and rental yield is 9.52% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 146.77% and total cumulative return in cash sums $53,520. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $873/mo property income rather than buyer’s personal income.
Manufactured
Built in 2000
13.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35961, Collinsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,589 (100%) |
| Owner Occupied HU | 1,613 (62.3%) |
| Renter Occupied HU | 620 (23.9%) |
| Vacant Housing Units | 356 (13.8%) |
| Median Home Value | $159,182 |
| Average Home Value | $218,946 |
Housing Distribution
Address Breakdown
Residential
2,006
Single Family
1,970
Multi-Family
36
Businesses
90
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Listed by: Ry Parker • Realpoint Real Estate
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21869643
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